Life insurance is something few of us like talking about because using it would mean we are no longer alive. According to 2017 statistics from the industry groups Life Happens and LIMRA, while 70% of Americans consider life insurance a necessity for themselves, 41% have no life insurance at all.
So who needs Life Insurance?
When you are the family breadwinner. Life insurance can provide “income replacement” so that your family can continue to pay everyday expenses. Dave Ramsey recommends 10 to 12 times your annual salary.
When you are a stay at home parent. Life insurance would cover the cost of paying for services the parent does for “free,” such as child care.
When you are a divorced parent. A policy could cover the support payments that a divorced parent makes.
When you are the parent of a special needs child. Life insurance can make sure the child will have financial support no matter when a parent dies.
When you are a homeowner with a mortgage. A policy can cover mortgage payments, so your family doesn’t have to move if you die.
Someone with co-signed debt (such as student loans or credit cards). Life insurance could cover the cost of the debt.
If you are in one of these categories and do not have life insurance, you can give me a call, (805)985-5488, and we can discuss how to address your situation.
So who needs Life Insurance?
When you are the family breadwinner. Life insurance can provide “income replacement” so that your family can continue to pay everyday expenses. Dave Ramsey recommends 10 to 12 times your annual salary.
When you are a stay at home parent. Life insurance would cover the cost of paying for services the parent does for “free,” such as child care.
When you are a divorced parent. A policy could cover the support payments that a divorced parent makes.
When you are the parent of a special needs child. Life insurance can make sure the child will have financial support no matter when a parent dies.
When you are a homeowner with a mortgage. A policy can cover mortgage payments, so your family doesn’t have to move if you die.
Someone with co-signed debt (such as student loans or credit cards). Life insurance could cover the cost of the debt.
If you are in one of these categories and do not have life insurance, you can give me a call, (805)985-5488, and we can discuss how to address your situation.
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